Market Overview
Home Prices in Otis, OR
The median home value in Otis, OR is $436,391 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0% compared to a year ago and down 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Otis are priced6% above average. Otis is part of the Newport, OR metro area.
Over the past five years, Otis home values have risen by approximately15.9%, reflecting steady appreciation in this market.
Price History
Otis Home Price Trend
2020
$306,256
$306K
—
2021
$376,585
$377K
+23.0%
2022
$438,677
$439K
+16.5%
2023
$447,577
$448K
+2.0%
2024
$453,925
$454K
+1.4%
2025
$436,236
$436K
-3.9%
2026
$436,391
$436K
+0.0%
City Comparison
Otis vs. National Median
🏠 Otis
$436,391
National Median
$410,000
At $436,391, homes in Otis cost 6% above the national median of $410,000. Buyers in Otis should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Otis?
20% Down Payment
$87,278
on $436,391
Monthly P&I
$2,276/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,891/mo
incl. taxes & insurance
Income Needed
$115,640
gross annual (30% rule)
10% Down Option
$43,639
+ PMI applies
Loan Amount (20% dn)
$349,113
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Otis, OR?
The median home value in Otis is $436,391 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0% year-over-year.
How much have home prices changed in Otis?
Over the past year, home values in Otis have increased by 0%. Over five years, prices have risen approximately 15.9%.
How much do I need to earn to buy a home in Otis?
To comfortably afford the median home price of $436,391 with a 20% down payment ($87,278) at today's rates (6.8%), you'd need a gross annual income of approximately $115,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Otis compare to the national average home price?
The national median home value is approximately $410,000. At $436,391, homes in Otis are 6% above the national average.
What metro area is Otis part of?
Otis is part of the Newport, OR metropolitan area. Home prices and market conditions can vary across the broader metro region.